Horticulture Lighting Market Global Analysis by Emerging Technology, Upcoming Trends, Industry Size, Share, Growth, Business Strategies, Sales Revenue and Deep Research Report 2020 to 2023

Horticulture Lighting Market - Overview

The trend of indoor lighting, especially for horticulture, has caught on globally leading to extensive development of the horticulture market 2020. The insights into the semiconductors and electronics industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. A 19.17% CAGR is anticipated to expand the market's ability to achieve USD 7040.0 Million by 2024.

Get Free Sample of Horticulture Lighting Market @ https://www.marketresearchfuture.com/sample_request/7840

The increased harvesting of garden crops such as fruits, vegetables, and ornamental plants by private players is expected to motivate the demand for the horticulture lighting market. The horticulture lighting market share is projected to inspire by the development of companies in the market that are investing heavily in product development. moreover, the horticulture lighting market trends are expected to inspire by the rise in cannabis farming following its legalization in several countries.

KEY PLAYERS

The significant players in the horticulture lighting market are Gavita (Netherlands), Osram (Germany), GE Lighting (US), PARsource (US), Agrolux (Netherlands), Heliospectra (Sweden), Hortilux Schreder (Netherlands), Signify (Philips Lighting) (Netherlands), Lumileds (Netherlands), and Illumitex (US) among others.

Industry Updates:

Dec 2019 ecofarm a company in the U.S., has declared the introduction of the chief indoor cultivation locations in the nation at Marijuana Business Conference, the cannabis industry's most appreciated international trade show. The confirmation of recreational and medical use of cannabis in the North American region has opened a broad door for LED lighting in horticulture applications for cannabis cultivation.

Segmental Analysis

The segmentation of the horticulture lighting market is carried out on the basis of technology, lighting type, cultivation, application, and region. On the basis of technology, the horticulture lighting market is segmented into high-intensity discharge, fluorescent lighting, LED and others. Based on the lighting type, the horticulture lighting market is divided into interlighting and toplighting. The top lighting segment is responsible for the greater market share in 2018. On the basis of cultivation, the horticulture lighting market is bifurcated into floriculture and fruits & vegetables. The fruits & vegetables segment had the highest market value in 2018. Based on the application, the horticulture lighting market is segmented into vertical farming, greenhouse, indoor farming and others. A steady CAGR is expected to sustain The greenhouse segment in 2018. Based on the region, the horticulture lighting market is segmented into Asia Pacific, Africa, North America, Europe, the Middle East, and South America.

Detailed Regional Analysis

The regional investigation of the horticulture lighting market includes regions such as Asia Pacific, the Middle East, Africa, North America, Europe, and South America. The European region is anticipated to command the horticulture lighting market for the period of the forecast owing to the development in city farming along with the development in technology.

Browse Full Horticulture Lighting Market Report Details @ https://www.marketresearchfuture.com/reports/horticulture-lighting-market-7840

Competitive Analysis

The market is projected to acquire an increased momentum owing to the demand levels that are prevalent in the market. The stakeholders in the market are undertaking strategies that will accelerate and revitalize the growth of the market on a global scale. The revamping of the product range in the market is expected to open up new opportunities for advancement in the coming period. The development of assets of the supply chain is expected to set a favorable tone for the growth of the market in the forecast period. The diversification in inclinations of the consumers in the market is expected to boost the progress of the market in the forecast period. The innovation levels in the market are likely to rise in the coming years due to increased investment and availability of talent in the market. The regulations being put into operation by the government and trade specialists on the global level are indicative of the favorable they have on the international market development.

Market Research Future, +1 646 845 9312, Email: sales@marketresearchfuture.com,

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.